Sociedad Quimica y Minera de Chile Target of Unusually High Options Trading (SQM)

Sociedad Quimica y Minera de Chile (NYSE:SQM) was the target of unusually large options trading activity on Wednesday. Investors bought 3,209 put options on the company. This is an increase of approximately 1,014% compared to the typical daily volume of 288 put options.

A number of analysts have recently commented on SQM shares. Zacks Investment Research lowered shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. Citigroup lowered shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $53.00 to $41.00 in a research report on Tuesday, March 5th. Deutsche Bank lowered shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research report on Monday, February 25th. TheStreet lowered shares of Sociedad Quimica y Minera de Chile from a “b-” rating to a “c” rating in a research report on Tuesday, March 19th. Finally, Vertical Group started coverage on shares of Sociedad Quimica y Minera de Chile in a research report on Monday, April 22nd. They issued a “sell” rating and a $23.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $42.63.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Daiwa Securities Group Inc. acquired a new position in shares of Sociedad Quimica y Minera de Chile in the fourth quarter valued at $38,000. Osborn Williams & Donohoe LLC acquired a new position in shares of Sociedad Quimica y Minera de Chile in the first quarter valued at $45,000. Virtus ETF Advisers LLC increased its holdings in shares of Sociedad Quimica y Minera de Chile by 145.2% in the fourth quarter. Virtus ETF Advisers LLC now owns 1,736 shares of the basic materials company’s stock valued at $66,000 after purchasing an additional 1,028 shares during the last quarter. Lavaca Capital LLC acquired a new position in shares of Sociedad Quimica y Minera de Chile in the fourth quarter valued at $76,000. Finally, Capital Investment Advisory Services LLC increased its holdings in shares of Sociedad Quimica y Minera de Chile by 413.8% in the first quarter. Capital Investment Advisory Services LLC now owns 2,055 shares of the basic materials company’s stock valued at $79,000 after purchasing an additional 1,655 shares during the last quarter. Institutional investors and hedge funds own 10.03% of the company’s stock.

Shares of SQM opened at $32.69 on Thursday. The firm has a market cap of $8.73 billion, a P/E ratio of 19.57, a PEG ratio of 1.42 and a beta of 1.02. Sociedad Quimica y Minera de Chile has a 1-year low of $32.62 and a 1-year high of $54.33. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.67 and a current ratio of 4.32.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last issued its earnings results on Thursday, February 28th. The basic materials company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.03). The firm had revenue of $565.20 million for the quarter, compared to analyst estimates of $560.66 million. Sociedad Quimica y Minera de Chile had a return on equity of 20.29% and a net margin of 19.41%. On average, analysts predict that Sociedad Quimica y Minera de Chile will post 1.54 earnings per share for the current year.

The company also recently announced a dividend, which was paid on Friday, May 3rd. Investors of record on Friday, May 3rd were issued a dividend of $0.268 per share. The ex-dividend date of this dividend was Thursday, May 2nd. Sociedad Quimica y Minera de Chile’s payout ratio is 64.07%.

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Sociedad Quimica y Minera de Chile Company Profile

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, industrial chemicals, potassium, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty mixes, and other specialty fertilizers for crops, such as vegetables, fruits, and flowers under the Ultrasol, Qrop, Speedfol, and Allganic brands.

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